Highest-materiality recent filing
Albertsons Q4 adj EPS $0.48 (+4% YoY); opioid charge $774M; dividend +13%; buyback to $2B
Q4 adj net income $252M ($0.48) vs $269.5M ($0.46) prior year; adj EBITDA $903M.
Albertsons prices $2.1B senior notes offering to refinance 2027/2028 notes
Upsized offering: $1.2B of 5.625% senior notes due 2032 and $900M of 5.750% 2034 notes.
Albertsons Q3: adj EPS $0.72, identical sales +2.4%, digital +21%, 2025 guidance narrowed
Net income $293M ($0.55/share); adjusted net income $390M ($0.72/share).
Albertsons issues $1.5B of new senior notes to refinance 2026 notes and repay ABL
$700M 5.500% notes due 2031 and $800M 5.750% notes due 2034 issued.
Albertsons enters $750M accelerated share repurchase; buyback program expanded to $2.75B
Company pays $750M to JPMorgan on Oct 15, 2025; expects initial delivery of ~80% of shares underlying ASR.
Albertsons Q2 adj. EPS $0.44 vs $0.51 YoY; announces $750M ASR, raises FY25 EPS outlook
Net income $168.5M ($0.30/sh) vs $145.5M ($0.25) YoY; adjusted net income $248.4M ($0.44/sh) down from $301M ($0.51).
Albertsons Q1 net income $236M ($0.41/sh); raises identical sales guidance to 2.0-2.75%
Net sales $24.88B (+2.5% YoY); identical sales +2.8%; digital sales +25%.
Q4 net income $172M ($0.29 diluted EPS); adjusted net income $270M ($0.46 EPS) vs $318M ($0.54) YoY. Revenue $18.8B (+2.7%), identical sales +2.3%.
Albertsons CEO Vivek Sankaran to retire May 1; COO Susan Morris appointed successor
CEO Vivek Sankaran to retire effective May 1, 2025, as part of planned succession; no disagreement with company.
Albertsons to redeem all $600M of 7.50% senior notes due 2026 on March 17, 2025
Albertsons to redeem entire $600M aggregate principal of its 7.50% senior notes due 2026.
Albertsons Q3 adjusted EPS $0.71, identical sales +2.0%; dividend raised 25%
Net income $401M ($0.69 GAAP EPS); adjusted net income $420M ($0.71 EPS) vs $462M ($0.79) a year ago.
Albertsons terminates Kroger merger after federal court blocks deal with preliminary injunction
December 10, 2024: Albertsons sent termination notice to Kroger under Section 8.1(e) of the October 2022 Merger Agreement.
Albertsons reports Q2 adjusted EPS $0.51, net income $146M; identical sales up 2.5%
Net sales $18.6B, up from $18.3B; identical sales +2.5%; digital sales +24%.
Albertsons Q1 net income falls to $241M; adjusted EPS $0.66, down from $0.93
Identical sales +1.4%; digital sales +23%; loyalty members +15% to 41.4M.
Albertsons Q4 net income $0.43/share; adjusted net income $0.54/share; digital sales up 24%
Net income $250.5M ($0.43 EPS); adjusted net income $318.0M ($0.54 EPS); vs prior year Q4 adj. net income $459.7M ($0.79 EPS).
Kroger and Albertsons expand divestiture to 579 stores for $2.9B to address regulator concerns
Amended agreement adds 166 stores; total 579 stores sold to C&S for ~$2.9B all-cash.
Albertsons Q2 net income $267M ($0.46/sh); adj. EBITDA $977M, down from $1,049M YoY
Identical sales +2.9%; digital sales +19% to 37.4M loyalty members.
Kroger and Albertsons agree to sell 413 stores to C&S for $1.9B; merger on track for early 2024
Divestiture includes 413 stores, 8 distribution centers, 2 offices, 5 private label brands across 17 states and DC.
Albertsons Q1: identical sales +4.9%; adj. EPS $0.93 vs $1.00 YoY
Net sales $24.1B (+3.4% YoY); identical sales +4.9% driven by inflation, pharmacy, digital.
Albertsons Q4 adj EPS $0.79, FY adj EPS $3.37; special dividend paid; merger with Kroger progressing
Q4 net sales $18.3B (+5.6% identical sales); adjusted net income $460M ($0.79/sh) vs $437M ($0.75/sh) YoY.
Albertsons grants $9M in retention awards to three top executives tied to Kroger deal
Sharon McCollam (CFO) and Susan Morris (COO) each granted $4M retention awards; Anuj Dhanda (CIO) gets $1M.
Albertsons issues 33.9M shares to HPS on preferred conversion; lock-up agreements expire
HPS converted 584,000 shares of Preferred Stock into 33,909,373 shares of Common Stock at 58.064 per share.
Albertsons clears WA Supreme Court hurdle; will pay $6.85 special dividend
Washington Supreme Court denied AG's motion to appeal, lifting TRO on $6.85/share special dividend.
Albertsons Q3 sales up 8.9% to $18.2B; identical sales +7.9%; adj EPS $0.87
Net sales $18.2B, up from $16.7B YoY; identical sales increased 7.9%.
Washington court temporarily blocks Albertsons' $6.85/share special dividend; hearing set for Nov 10
Temporary restraining order issued Nov 3, 2022 halting Albertsons' $6.85/share special dividend originally scheduled for Nov 7, 2022.
Albertsons enters merger agreement with Kroger; major stockholders consent
Albertsons signed merger agreement with Kroger on Oct 13, 2022; Merger Sub will merge into Albertsons, which will become Kroger subsidiary.
Albertsons Q2 net income $343M, adj. EPS $0.72; special dividend of $6.85/share declared
Revenue $17.9B (+8.5% YoY); identical sales +7.4%; digital sales +36%.
Special cash dividend of $6.85 per share payable Nov 7, 2022 to holders of record Oct 24, 2022.
Kroger to acquire Albertsons for $34.10 per share, special dividend $6.85/sh
Consideration $34.10/share (~$24.6B EV including $4.7B net debt); 32.8% premium over Oct 12 close.
Lock-up extended for Cerberus, Klaff, Lubert-Adler, Jubilee to sooner of Q2 earnings or Oct 18, 2022.
Effective February 21, 2025, Frank Bruno was appointed as a member of the Board for the term expiring at the Company's 2025 annual meeting of stockholders or until his successor is duly elected and qualified.
On February 21, 2025, Stephen Feinberg resigned from the Board of Directors (the "Board") of Albertsons Companies, Inc. (the "Company").
Following Mr. Galbato's resignation, and effective October 24, 2024, the Board elected Mr. Jim Donald as the sole independent Chair of the Board.
On October 22, 2024, Mr. Chan Galbato resigned from the Board of Directors (the "Board") of Albertsons Companies, Inc.
Effective October 24, 2024, Stephen Feinberg was appointed as a member of the Board
Effective December 12, 2023, Sarah Mensah was appointed as a member of the Board of Directors (the "Board") of Albertsons Companies, Inc. (the "Company")
Effective November 21, 2023, Lisa Gray was appointed as a member of the Board for the term expiring at the Company's 2024 annual meeting of stockholders or until her successor is duly elected and qualified.
On November 16, 2023, Scott Wille resigned from the Board of Directors (the "Board") of Albertsons Companies, Inc. (the "Company") including the Governance, Compliance and ESG Committee and the Finance Committee of the Board.
On February 21, 2023, Mr. Hersch Klaff, a director of Albertsons Companies, Inc. (the "Company"), resigned from the Board of Directors (the "Board") of the Company with immediate effect.
On October 14, 2022, Shant Babikian, a director of the Company and a nominee of HPS Investment Partners, LLC (“HPS”), resigned from the Board of Directors
On August 1, 2022, Jay Schottenstein, a director of Albertsons Companies, Inc. (the "Company"), resigned from the Board of Directors (the "Board") of the Company with immediate effect.
On June 21, 2022, Christine Rupp, Executive Vice President and Chief Customer and Digital Officer of Albertsons Companies, Inc. (the “Company”), announced that she will be leaving the Company effective July 31, 2022.
Max materiality 1.00 · Median 0.65 · Most common event earnings